Author: Arabian Media staff

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and Chairman of the Higher Committee for Development and Citizens Affairs, presided over the committee’s first meeting of 2025 and approved a number of decisions, initiatives, and projects aimed at enhancing citizens’ quality of life. Sheikh Hamdan also approved the “Thukhr Initiative” for retirees, which aims to empower and enrich their lives through diverse programmes, and the “Ghamran Camp” initiative, which brings together Dubai’s fathers and sons for a desert camping experience aimed at acquiring core skills rooted in Emirati identity.…

The mobile trading platform’s shares are on a run in their first day of trading, elevating hopes for upcoming stock-market debuts. Source link

UAE-based energy company XRG has entered into a strategic partnership with Malaysia’s PETRONAS and Turkmenistan’s Hazarnebit through a newly signed Production Sharing Contract with State Concern Turkmennebit, expanding its natural gas portfolio in Central Asia. The agreement grants XRG a 38 per cent participating interest in the offshore “Block I” gas and condensate fields located in Turkmenistan’s Caspian Sea region.PETRONAS will serve as operator and majority stakeholder with 57 per cent, while the remaining 5 per cent will be held by Hazarnebit. As part of the deal, XRG and PETRONAS also signed a long-term gas sales agreement (GSA) with State…

Popular legal AI tool Harvey will now be using leading foundation models from Anthropic and Google, moving beyond strictly using OpenAI’s, Harvey announced in a blog post on Tuesday. This is noteworthy because Harvey is one of the OpenAI Startup Fund’s most successful early-backed portfolio companies. The OpenAI Startup Fund is an OpenAI-associated fund to back companies developing products on top of AI technologies, primarily OpenAI’s own. While Harvey says it’s not abandoning OpenAI, merely adding more models and clouds, this is still a huge coup for OpenAI’s big competitors.  Harvey is one of the first four startups that the…

Opinions expressed by Entrepreneur contributors are their own. Many business leaders still see a pivot as a sign of failure. That mindset is not only outdated — it’s dangerous. In fast-moving markets driven by rapid technological change, staying the course can be riskier than changing direction. Persistence is admirable, but inflexibility is costly.Think of the industry giants that missed their moment to adapt: Kodak, Blockbuster, Xerox, Tower Records. All were dominant in their time. All ignored shifts in consumer behavior and emerging competition. The result? Obsolescence.Contrast that with companies like Toyota, which began as a loom manufacturer before becoming a…

“IF I’M NOT president, you’re fucked.” So Donald Trump reportedly told a roomful of oil bosses gathered at Mar-a-Lago after his re-election. During the campaign Mr Trump sought to position himself as the American oil industry’s only hope against the supposedly hydrocarbon-hating Democrats—brushing aside the fact that domestic oil production rose sharply during Joe Biden’s time in office. Since his arrival in the White House, he has set about rolling back environmental regulations and expedited permitting in an effort to get America’s oilmen to “drill, baby, drill”. Source link

Etihad Airways and TAP Air Portugal have launched a frequent flyer partnership. The agreement enables members of both Etihad Guest and the TAP Miles&Go programme to earn and redeem their respective loyalty currency on either carrier. Etihad Guest members are able to redeem their miles on flights, worldwide hotel stays and holidays, or shop from a variety of products from the Etihad Guest Reward Shop. Etihad and TAP Air Portugal announce frequent flyer partnership TAP Miles&Go member miles can be spent on flights and a range of additional offers such as TAP Store items. Mark Potter, Managing Director Etihad Guest,…

An analyst reluctantly downgraded UnitedHealth’s stock, as the price plunge and a suspended full-year outlook was just too much to hold a bullish stance. Source link

Sobha Realty announced two major developments this week: the successful issuance of a $500m sukuk, and the launch of a new brand film for its flagship ONE Sobha App, underscoring the company’s twin focus on financial growth and digital transformation. The company confirmed the successful issuance of the sukuk under its newly established $1.5bn Sukuk Issuance Program. The sukuk, which matures in 2029, was oversubscribed three times, with an orderbook reaching $1.54bn. Initial price thoughts were set at 8.375 per cent, but strong investor demand allowed the profit rate to tighten by 37.5 basis points to 8 per cent annually.…

Despite courtroom chaos, Rippling is still going full steam ahead. The HR tech startup at the center of an increasingly dramatic legal battle with rival Deel just raised a fresh $450 million in funding at a $16.8 billion valuation, and launched a new “Startup Stack” to woo early-stage companies — winning over Y Combinator as both an investor and a client. The funding comes amid the company’s high-profile legal fight with Deel, which Rippling accuses of movie-worthy corporate espionage, complete with secret crypto payments and decoy Slack channels. Deel has denied the claims and filed its own lawsuit, calling Rippling’s…